Jeff Meyers AUSTIN – (By Richard Webner for Realty News Report) – Home prices have climbed while affordability has declined, and the homebuilding industry may need a significant disruptor to deliver housing that meets millennial demand, industry speakers said at a Texas builders conference. Jeff Meyers, CEO of Hanley Wood/Meyers, told attendees at the Digital … Read more
HOUSTON – Spencer Hough and Tip Strickland of Newmark Knight Frank closed financing on a 17-building, 220,000-square-foot industrial portfolio. The flex industrial collection includes Enterprise Park, a 153,835-square-foot, 14-building service center in Houston’s southwest industrial submarket, and Town and Country Center, a 67,928-square-foot project in the West Houston/Outer submarket. NKF represented the borrower, CPM Holdings, … Read more
Skanska’s West Memorial Place development in the Energy Corridor sustained damage during Hurricane Harvey. Repairs were completed in November 2017. The development borders Terry Hershey Park. HOUSTON — BP Lower 48 has leased 91,000 square feet in Skanska’s West Memorial Place II at 15373 Memorial Drive in the Energy Corridor. The property was among those … Read more
Vicki Fullerton, Chair, Texas Association of Realtors AUSTIN – (By Dale King, Realty News Report) — Condominium and townhome sales across Texas exceeded $5.4 billion and showed notable gains in sales volume between August 2016 and July 2017, according to a new Texas condominium sales report released by the Texas Association of Realtors. During that … Read more
Land Tejas tract north of Interstate 10 in Katy. HOUSTON – Land Tejas, a Houston-based developer, has purchased 1,039 acres west of the Grand Parkway near Clay Road to build a master-planned community of more than 3,000 homes. Home sites from the first phase are scheduled for delivery in 2021. CBA Land Capital is an … Read more
Hines has acquired the PacSun HQ in southern California. ANAHEIM, Calif. – Hines, the Houston-based global real estate firm, together with funds managed by Oaktree Capital Management, has purchased the global headquarters of Pacific Sunwear of California, Inc. (PacSun) in Anaheim. The acquisition is part of an ongoing relationship: Hines and Oaktree-backed partnerships have acquired … Read more
HOUSTON — Sami Khaleeq, a Houston entrepreneur with expertise in cybersecurity and digital media, has been appointed by Mayor Sylvester Turner to the Houston Planning and Airport Commission. At one of the youngest appointees to the commission, Khaleeq will help shape policy affecting growth, development, and transportation in Houston—one of the nation’s fastest-growing and most … Read more
(RNR Real Estate Briefs) – NAI Partners recently negotiated a 17,210-square-foot office/flex lease renewal for Aegis Chemical Solutions, LLC’s corporate headquarters at 4560 Kendrick Plaza Drive in Houston. NAI Partners’ Jason Whittington represented the tenant, while Logan Greer of InSite Realty Partners represented the landlord, EastGroup Properties. Welcome Group, which owns a portfolio of single-tenant … Read more
Michael Vaughn HOUSTON – (Realty News Report) – Houston’s hotel market, in America’s fourth-largest city and energy hub, has been relatively steady over the past few years as the energy sector experienced price swings. With oil prices recovering, hotel development activity could pick up. Arch-Con Construction, based in Houston, currently has nearly 1,200 rooms underway … Read more
Central Park Station, a major transit-oriented development announced by Forest City and NKF. DENVER — Central Park Station, a 4 million square foot mixed-use, transit-oriented development, has been unveiled in Denver. Developers Forest City Realty Trust and Newmark Knight Frank (NKF) announced that construction of the first phase will begin next year. Phase one will … Read more